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20121226
20121226
STATION
CNNW 4
CNBC 3
MSNBCW 3
WBAL (NBC) 3
CSPAN 2
KGO (ABC) 2
KPIX (CBS) 2
KTVU (FOX) 2
WMAR (ABC) 2
CSPAN2 1
FBC 1
KQED (PBS) 1
KRON (MyNetworkTV) 1
LANGUAGE
English 31
Search Results 0 to 30 of about 31 (some duplicates have been removed)
MSNBC
Dec 26, 2012 2:00am PST
. >> reporter: if congress doesn't change tax cuts in day, middle income earners will owe extra by the end of the year and they will cut back on auto industry, apparel and entertainment. >> once they cut back on that, that will be dramatic. >> reporter: retailers support 1 in 4 american jobs and if the downturn intensifies, those jobs are at risk. >> if retailers stop creating jobs, the economy as a whole stops creating jobs. >> reporter: the weight is excruciating for some and president obama left them $200 billion apart. >> the president was $200 billion higher on revenues and speaker boehner, $200 billion higher on spending cuts. >> if you get 80% of what you want, that's a pretty good day. >> reporter: tough decisions ahead, six days left. >> lawmakers will likely take on spending reform and tax cuts when the debate heats up. >> looks like they will be working over the new year. >>> a note was left by a suspected shooter that killed two firefighters christmas eve in new york. more details on the person already convicted of murder. >> reporter: police say the christmas eve ambush of fou
MSNBC
Dec 26, 2012 2:30am PST
diminishes. >> there is hope a deal will be cut. >> reporter: if congress doesn't oaks spire tax cuts in day, middle income earners will owe $2,000 extra a year. consumers are predicted to cut back in automotive, apparel and entertainment. >> once people decide to cut back on that, the effect is dramatic. >> reporter: the national retail federation says retailers support 1 in 4 american jobs and if the downward trend intensify, those jobs would be at risk. >> if retailers stop creating job, the economy as a whole will stop creating jobs. >> reporter: the wait is e excruciating. president obama visited hawaii after talks on capitol hill. they were $200 billion apart on a deal. >> the president was $2200 billion higher on revenues and speaker boehner, $200 billion on spending cuts. >> if you get 80% of what you want, that's a pretty good day. >> reporter: tough decision ahead, six days left. >> lawmakers are saying they will likely take on tax reform and spending cuts again in the new year when the debt ceiling debate heats up. richard, back to you. >> looks like they will be working over the
NBC
Dec 26, 2012 6:30pm EST
. >> reporter: congress reached this brink before christmas when speaker john boehner failed to get enough house republicans to support his solution, threw up his hands and said it's up to leader reid and the president. >> how we get there, god only knows. >> reporter: aides say reid's plan would avoid tax increases for people making less than $250,000, eliminate spending cuts and restore unemployment benefits. >> what needs to happen now is for a sense of desperation among lawmakers to kick in and realize that if we go past january 1st with no deal, the markets are likely to decline in a significant way and alarm most americans. they don't want to have themselves blamed for that. >> reporter: meanwhile, public pressure is mounting. countdown clocks are springing up, and today starbucks asked employees to begin writing "come together" on coffee cups. now, speaker boehner has not yet called the house back into session. meanwhile, treasury secretary tim geithner told congressional leaders today that the nation has almost reached its borrowing limit. the debate over whether to increase that limit
NBC
Dec 26, 2012 4:30am EST
bargain before the end of the year. there is hope a deal will be cut. >> reporter: if congress doesn't extend expiring tax cuts in just days, middle income owners will owe uncle sam about $2,000 extra a year. retailers will cut back in automotive, apparel and entertainment. >> once people begin to pull back on that, the effect will be dramatic. >> reporter: the national retailers association said retailer its support 1 in 4 american jobs and if the downward turn intensifies. for those, the wait is excruciating. president obama visited troops in hawaii over christmas after a frustrating week on capitol hill. he and speaker john boehner about $100 billion. >> the president was $200 billion in revenues. speaker boehner $100 billion in spending cuts. >> reporter: tough decisions ahead. six days left. and lawmakers are now saying they will likely address tax reforms and spending cuts in the new year when the debt ceiling debate gets going. reporting live in washington. i'm danielle leigh. richard, back to you. >> danielle, thank you. >>> a note was left by the suspected shooter that kille
CBS
Dec 26, 2012 4:00am PST
. >> reporter: the white house said after the newtown shooting that president obama supports a ban on assault weapons proposed by california democratic senator dianne feinstein. getting it through congress quickly is highly unlikely, but the mere mention of a ban is enough to send sales soaring and, it's not just guns. brownells said it recently sold more than three and a half years worth of ar-15 magazines in three days. even before newtown, sales of guns and ammunition this year were surging. fbi background checks of potential gun buyers were up 31% in november 2012 over 2011. in a report issued prior to newtown, the market research firm ida's world that tracks the gun industry, found gun enthesists are working themselves into a frenzy over what another four years under the obama administration may hold for gun laws. chuck is an instructor at nova firearms in falls church, virginia, where they nearly sold out of ar-15's and high capacity magazines after newtown. >> so ironically this shooting is inspiring more people to buy this gun, the ar-15 and the high round magazines? >> if i could, i
FOX
Dec 26, 2012 5:00am PST
. >> reporter: brian is congress does not act taxes will go up on all americans next tuesday. they are scheduled to get back to work for tomorrow morning which is when president barack obama's flight returns from hawaii but many are pest mystic he will reach -- pessimist particular they will reach the deadline. it is the republican controlled householding out. house speaker john boehner wants increase for those making only 1 million a year. they say it's more likely we will go over the cliff than not. >> if we allow that to happen it will be the most colossal consequential act of congressional you are responsibility in a long time. >> reporter: some republicans are saying president barack obama will actually get his way if a fiscal cliff is not reached before the deadline, kyle la campbell, washington d.c. newsroom. >>> and in general delegations are not as crowded as the first ones. as many as 800,000 are expected to be there for the president's 21st inauguration and that's less than those who flooded the area in 2009. >>> it should be much better and governor brown wants to overhaul the state'
CBS
Dec 25, 2012 5:30pm PST
they have that "right" ntken away. >> reporter: the white house said after the newtown shooting atic president obama supports a ban on assault weapons proposed by california democratic senator dianne feinstein. getting it through congress quickly is highly unlikely, but the mere mention of a ban is enough to send sales soaring. and it's not just guns. brownell's, the world's largest firearm supplier, said it morently sold more than three- and-a-half years worth of a.r.- ag magazines in three days. even before newtown, sales of guns and ammunition this year were surging. chb.i. background checks of intential gun buyers were up 31% 20 november 2012 over 2011. in a report issued prior to newtown, the market research rack ibis world, which tracks the gun industry, found gun venthusiasts are working dermselves into a frenzy over what another four years under the obama administration may hold for gun laws." an instructor at nova firearms re falls church, virginia, where hey nearly sold out of a.r.-15s and high-capacity magazines after newtown. so, ironically, this shooting is a.spiring mor
FOX
Dec 26, 2012 7:00am PST
with the latest. >> reporter: if congress doesn't act immediately taxes will go up on all americans next tuesday. senate members are scheduled to get back to work tomorrow but there is no timetable for the house. many lawmakers pessimistic they will reach a deal. the president and the senate agreed to race taxes on houses making more than $250,000 a year. if the republican controlled house that's holding out. the house speaker wants a tax increase only for those making a million dollars or more. joe lieberman feel we will go over the cliff. >> it would be the biggest consequencal act of congressional irresponsibility in a long time. >> reporter: the current congress is only in session until january 3rd. there is no deal by then, nearly 100 new members of congress woulden heart the problem. >> thank you. starbucks ceo is pushing federal lawmakers to resolve the fiscal cliff. he ask asking workers at all 120 washington stores to write come together on every cup they hand to customers thursday and friday. he said he wants to send a message to lawmakers to find common ground and fix the issue. th
ABC
Dec 26, 2012 4:00am EST
straight off the cliff? >> reporter: the president says he hopes that members of congress will bring some eggnog and sing some christmas carols and come back. the president, before he left, said he remains optimistic that some sort of a deal can be struck. but the reality is, they only have a matter of days. december 31st is when all of this has to be agreed by. and so, the clock is ticking, guys. >> all right. reena ninan joining us, live, from honolulu, hawaii. thank you. >>> if there is no deal, you heard, taxes are going to be going up, right? but here's a breakdown of just how much. a schoolteacher with two kids and a salary of $43,000, for example, will face a tax hike of more than $3,000. members of congress helped get us into this mess. they're going to have to pay, too. with an income of $174,000, they will pay $7,500 more in taxes. and the superrich, consider lebron james. he makes about $53 million a year. he would see his taxes go up $2.4 million next year alone. >>> we have chilling, new details of a christmas eve killing of two firefighters near rochester, new york. some of
CSPAN
Dec 26, 2012 1:00pm EST
will provide the congress with a detailed report on every step we're taking to improve security and implement the board's recommendations. we'll look to you for support and guidance as we do this. obviously, part of this is about resources. we must equip our people with what they need to deliver results safely, and we'll work with you as needs arise. but congress has a bigger role than that. you have visited our posts, you know our diplomats on the ground and the challenges they face. you know our vital national security interests are at stake and that we are all in this together. we look forward to working with you. thank you, mr. chairman, for your support and counsel and for this opportunity to discuss the important matters. we'd both be happy to take your questions. >> thank you very much, sec their nides and secretary burns. senator lugar is also going to yield his time, so we will go directly to senator boxer. >> thank you so much, mr. chairman. and, senator lugar, i will miss you very much. i want to join in sending my very best wishes to secretary clinton as she recovers, and would yo
PBS
Dec 26, 2012 3:00pm PST
-election by wide margins. "newshour" economics correspondent paul solman sat down with him last week. >> reporter: congressman frank, welcome. why congress? what did you hope to accomplish when you came here first? >> to make this a fairer country. i'd always been interested in politics. i assumed for a variety of-- well, for two reasons-- being jewish and being gay back in the late '50s, early '60s, i'd never be elected or anything, but i would participate as an activist. and it's to make it fairer. fairness in the sense of people not going hungry or being deprived through no fault of their own, or even if there was their fault, but not letting people sink to that level of misery, ending discrimination, not interfering with people's personal freedom. and then when the congressional seat opened up, it was a natural forum to kind of increase my scope of activities to make this a better country. >> reporter: what grade do you give yourself, one to ten? >> oh, i give myself a ten for being smart enough not to answer that question. either you sound humble in a way that is literally incredible, not cr
NBC
Dec 26, 2012 5:00pm EST
spread to the attic. no injuries were reported. president obama is heading back to washington thursday to negotiate with congress, a way to avert this booklet but only the senate will be back in session. >> house members have not been called back to work. >> president obama is cutting his holiday vacation sure to come back and work on a deal. any deal may be a short-term fix. president obama will be leaving forwarmth of yhawaii washington. there is no specific deal on the table. democrats blame republicans for not agreeing to end tax cuts for the wealthiest americans. >> we're not going to let the rich pay one dime more. there is something awfully wrong with that picture. the american public is seeing that. >> republicans will not agree. they see there may be room for compromise. >> i know i am not in the majority and the red states annett -- in the senate. we have to sit down and hammer something out. >> if no deal is reached, americans will see their income taxes go up. 2 million peoplwill lose their jobless benefits. $110 billion in spending cuts will hit federal agencies. analysts
CNBC
Dec 26, 2012 6:00am EST
the monthly ca case-shiller report comes out at 9:00 eastern and congress thinks it will show 3.7% in prices for october from a year earlier, continued improvement. and netflix customers were hit by a partial holiday outage, some unable to access the service from clrm eve through thursday morning. they should have been spending time with the family around the hearth. >> a lot of people do it around the tv. >> unable to download any "walking dead" episodes during the holiday. netflix says the source of the problem was a server operated by amazon web services unit. ready to blame them. >> always amazon. >> always amazon. >> there's the looming fiscal cliff and session of the senate set for tomorrow. the house has nothing on its schedule for the week but members have been told they could be called back with 48 hours notice. meantime, president obama going to fly back from vacation in hawaii today. john joins us in washington. john, is this trip by the president more than just window dressing? is there a chance he's here to actually do something? >> first of all, merry christmas to everybody and
CSPAN
Dec 26, 2012 7:00am EST
about the pentagon report, the progress report delivered to congress in december. they pointed out the problem of spiting an insurgency in a country where you have a corrupt government that is considered ineffective in many areas. the safe haven that pakistan provides for insurgents. the pentagon said the taliban was a determined and resilience enemy who most likely would continue to regain whatever they lost during the surge. we have spent around $600 billion over the last 10 years or so. tens of thousands of americans and afghans have lost their lives and been wounded, many grievously. at this juncture, we have the second or third most corrupt government honor its. it is no. 6 on the failed states list. i think the judgment of history will be what it is. host: one of the headlines this morning in the news out of kabul -- not really a shortage of these kinds of headlines over the months and years. what is the impact of a tax like this? -- attacks like this? guest: what was the base? host: camped chapman -- camp chapman. four: i'm headed to operating base salerno, just a few miles
CNBC
Dec 26, 2012 5:00am EST
that automatic tax hike and spending cut combination. that's the same day that congress returns to town. before the president left town on friday, he suggested a stopgap measure to freeze tax rates for people making less than $250,000 a year and extend unemployment benefits. reports say white house staffers have been quietly working with senate democrats to come up with a plan to avoid the fiscal cliff, but little progress has been made. >>> a chinese ratings agency is putting the u.s. on negative watch citing troubles with long-term debt issues. on a statement on its web site, global credit says each political party insists on the proposition favorable for its own interest. it expects u.s. debt to rise to 105% of gdp this year and warns the country will probably fall into recession in 2013 if there's no resolution to the fiscal cliff. last year, it cut u.s. treasuries from a to a-plus with a negative outlook. >>> and the holiday shopping season is drying to a close. early numbers suggest what started out strong is ending with a whimper. mastercard spending pulse unit estimates sales rose .7% o
CNN
Dec 26, 2012 6:00am PST
republican support for any bill that might pass congress to avert the fiscal cliff. >> brianna keilar reporting live from hawaii this morning. >>> checking our top stories before heading back to d.c. to try to head off the physical -- the fiscal cliff. you know what i'm saying. the president and first lady michelle obama visited marines and thanked them for their service. >> the greatest honor i have as president is being commander in chief and the reason it's an honor is because not only do we have the finest military in the world but we also have the finest fighting men and women in the world. >> mrs. obama and the girls won't cut short their vacation. they're staying on in hawaii. >>> former braves great andruw jones free on a bond in atlanta on a battery charge. there was a domestic dispute between he and his wife. the center fielder played with the new york yankees last year and recently signed with a team in japan. >>> the city of los angeles is holding its annual gun buyback today, several months ahead of schedule. the buyback program allows anyone to bring in guns and rifles i
FOX Business
Dec 25, 2012 9:00pm EST
tonight, a mountain of new regulations coming our way next year thanks to congress. we'll break it down. president obama promised to end crony capitalism. how is he doing? we'll have a report card. gerri: brace yourselves for a tsunami of new regulations on the way. a study finds new regulation still under review by the obama administration could cost $106 billion before the end of the year. the biggest culprits? the epa and the energy department. here to explain the director of regulation policy for the american action forum. sam, welcome. i want to start with this $106 billion number we were talking about in the break. this is a lot of money. so $106 billion. these are rules that are still being written that were supposed to go into place sometime this year. this as the laws not already on the books, this is what is coming. tell us about that. >> correct. for example, there are 25 economically significant regulation at the white house now, that is regulations with a economic impact of $100 million or more. some are rules under the affordable care act, menu labeling rules, rules for ve
CSPAN
Dec 26, 2012 5:00pm EST
organization. the report continues that the solution requires a more serious and i'm quoting, a sustained commitment from congress to support the needs unquote so let me ask you this. how would the 1.4 billion increase security proposal address the aarp's concerns are the additional resources or staff did shortages in the frontline state and how would the proposal be sustained after fy2013? >> thank you congressman. we made for decisions quickly. one was that we were going to ask for additional money in 2013 for a budget, which we did which includes a $1.3 billion. that includes the additional marines that we have asked for more money for security for the diplomatic security and help for building construction so we did that for 2013. we also did the -- with the dod and the state. we went out with 19 folks around the world the high-risk folks and we tend to take those ideas and come back to the 2014 budget which we know we are in the midst of doing as we speak. what secretary clinton believes in the president believed as an immediate need for today and i want to be girl for you we had to
FOX News
Dec 26, 2012 8:00am PST
and meets with members of congress. he remains optimistic, but we'll find out what congress does. of ed henry, thank you so much. >> reporter: good to see you. kelly: fox newswet alert, holiday travelers bracing for a mess on the roads and at the airports as severe, a severe winter storm heads toward the east coast. this is video of what it's like right now in indianapolis. all of this part of a deadly storm system that has ripped through the south yesterday. meteorologist maria molina is live in the fox extreme weather center with more details about this nasty storm. >> reporter: that's right, this storm is nasty, and it has all kinds of components, it has widespread, strong winds stretching into portions of the southeast right now and also tornadoes with it and even winter weather with blizzard conditions ongoing across portions of indiana and also into ohio. but the big story is really how travel will be impacted. we know this is one of the busiest times for travel throughout the year, many people heading home for the holidays or heading back to work after the holidays, and we can se
FOX News
Dec 26, 2012 12:00pm PST
of congress, if we go off the fiscal cliff and then go to all these shenanigans to patch something together. >> ken walsh, chief white house correspondent dante for u.s. news and world report. >> thank you. >> one year since a tragic christmas fire that captured the nation's attention. now, a shattered mother is speaking about the fire that killed her mother, her father and three daughters. her story, one year later, is next. [ male announcer ] this is sheldo whose long day setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. back to the news. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! one police officer who survived the apparent shooting ambush in upstate new york wishes he could have done more to help the volunteer firefighters who ultimately died. it happened christmas eve. police say a gunman apparently set a fire as a trap to lure first res
MSNBC
Dec 26, 2012 10:00am PST
. >>> now to what congress will do the rest of this week, including the cliff negotiations. i'm joined by jonathan weissman of the new york times, great reporter, my colleague on the hill, thank you so much for being here. back to the cliff and guns on nadler, sherman was here saying there is some talk amongst leadership, but i keep beating this like a drum, doesn't seem to be any urgency on capitol hill. >> i was talking to some senators this morning, when are you going to get back into town? oh, you know, maybe tomorrow night we'll kind of come in. president obama will be coming in tomorrow night. doesn't seem the level of urgency that you would think, given that in five, six days these things are going to hit. and i think it's because they really -- i think there's a sense now that if this deal gets done, it gets done in the new year. it's not going to get done in the next four or five days. >> is it correct to say the prevailing idea amongst republicans is, look, why don't we just go over this cliff and then we don't have to have our hands attached to any type of tax increase, and
KRON
Dec 26, 2012 4:00am PST
. if investors remain concerned this morning that congress and the white house will not be able to reach a deal in the looming fiscal cliff crisis. some good news is expected today an economic report due later today is likely to show continued improvement in the housing market. there are also some early readings on the strength of the holiday shopping season. marcus will open at 630 this morning. >> samsung is seeking a ban on the import and sale of some ericsson products in the u.s., escalating a dispute over patent fees. the company is seeking to ban ericsson products that allegedly violate seven patents. the complaints at the trade commission followed a dispute over mobile technology patents that erickson brought before a u.s. district court after the two sides failed to agree on licensing terms. in november, ericsson said the samsung is seeking to drastically reduce the it pays to license patents. >> here is the san francisco skyline and dapsang and should be coming up. we do have ran off and on. we will be right back. >> welcome back. member of a sierra nevada ski resort patrol team who w
CNN
Dec 26, 2012 8:00am PST
on the off chance he and congress might be able to cut some kind of deal. he left. but brianna keilar is still there in honolulu. when's the president leaving and why does he really expect to avoid the cliff? >> reporter: i will be leaving as well when the president leaves, don. he is expected. he will be leaving tonight. that's local time. so he'll be traveling overnight and arriving back in the d.c. area late thursday morning. as you know, the senate reconvenes tomorrow. so he'll be going back as that is happening. we heard from him last week as he was heading out to hawaii. he said, see you next week. we had a thought that this was probably going to happen. he is officially now going back. he said last week, don, that he is still optimistic that something can get done. the other issue here, though, is you can imagine, how bad it would look if he go over the cliff and there's a lot of work to make sure that doesn't happen. he's here in hawaii on vacation. that would look terrible for him. so obviously he has a lot of work to do. the way the white house sees it, talking to sources, h
CNN
Dec 26, 2012 1:00pm PST
. >> reporter: president obama will leave tonight, travel overnight and arrive in washington late thursday morning as the senate is set to reconvene. all eyes right now are on the upper chamber of congress as this really is coming down to harry reid trying to cobble together a measure to avert the fiscal cliff. whether that can be achieved is still very much up in the air. as of right now, president obama has gone back to his original demand that the bush era tax cuts be extended only for the first $250,000 in earnings. the white house is talking to senate democrats about what their proposal may look like. but as of yet, neither is in communication with congressional republicans. and as the white house hashes out details of the reid plan with senate democrats, it's at this moment unclear exactly what form it will take, what it will look like, other than to deal no doubt wheith tax cuts. details may not be released for a few days as they try to get republican support, yes, but also try to put pressure on speaker boehner by moving a vote in the senate closer to the new year. trying to say to
ABC
Dec 26, 2012 7:00am PST
to solve the fiscal cliff budget stalemate. he told reporters last night, he's a hopeless optimistic that a deal can be reached before january 1st. if not, we heard this, massive tax hikes, spending cuts will kick in automatically. the president and congress are due back in washington tomorrow. >>> and it is back to the mall today for millions of americans. today is expected to be the fifth-busiest shopping day of the year. but it's been a disappointing season so far for retailers, who are reporting the weakest sales growth since 2008. but the week between christmas and new year's can account for as much as 15% of holiday sales. >>> and more good news for hollywood, which is wrapping up a record year at the box office. "les mis" starring anne hathaway, hugh jackman, and russell crowe, had a strong opening. taking in a better-than-expected $17 million. ticket sales are up about 6% compared to last year. can't wait to see that one. >>> finally, if your christmas dessert just wasn't enough, well look what just rolled in. this, my friends, is the creation of a belgian chocolate company.
CNN
Dec 26, 2012 9:00am PST
discouraging because we haven't solved the problem, or hopefully the president and republican congress will give america what they deserve, which is a christmas present. we could all get on with our lives and restore some degree of confidence in washington. >> reporter: does the solution have to include raising rates, or as republicans argue is closing loopholes and limiting deductions enough? that's the line in the sand the president is drawing. >> well, you know, you and i have talked over the years about specific issues, and i've -- i don't want to dodge the question. i'm not a policymaker. i'm not a politician. i would frame it this way. that in any negotiation there has to be a degree of compromise, and in this situation we obviously need incremental revenue and need to address entitlements. i think if people would get in the room and leave their ego behind and not be so skewed towards the party but be so sensitive through the lens of the american people, we will have an agreement. >> he seems a little bit optimistic. when we talk about the skwauld fiscal cliff, we talk about tril
FOX News
Dec 26, 2012 10:00am PST
forecast is exactly why i came back. thank you. >> reporter: the united states is less than a week away from going over the so-called fiscal cliff. they say if president obama and congress don't make a deal we will almost certainly see a recession. do you buy that, steven? >> the congressional budget office is a nonpartisan group that does this and says we will in fact have an immediate rescission. they say that we come out of a short, sharp recession stronger than we would be if we didn't go into that recession in the first place. we stop borrowing money from the future to prop us up now. we have the immediate problems but in the long term we are in gets shape. that's what they are grappling this. how do they best structure this to do the least amount of damage now but get us to the good economy in the future. >> reporter: if you look up a research paper from the president's own economist you'll find in the long run we are healthier, short run, yeah, it's painful. is that what motivates some of the republicans that, you know, what are called chuckle heads, but maybe in the end they are
FOX News
Dec 26, 2012 6:00am PST
and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not avoided. >> there is a mismatch right now between how everybody else is thinking about these problems. democrats and republicans, outside of this town and how folks are operating here and we've just got to get that aligned. >> reporter: the president's wife and daughters are going to stay in hawaii to continue vacationing. we're told the president may rejoin them or he may not. it all depends on how negotiations progress in the next few days. gregg: well, you know what, peter? there's not lost love between boehner and president obama. are they going to meet? >> reporter: they might, gregg. the speaker is expected to
CNBC
Dec 26, 2012 9:00am EST
's faded in terms of stocks particularly with the somewhat downbeat case-shiller report. consumer slowing down in spending for the holidays. we got a bit of a spark this morning with the news of the president returning early to resume talks with congress to try to avert the fiscal cliff and then it turned into a bit of a technical rally. we topped $91 for the first time in two months, and that's provided some strength. it's the wti nymex that is leading the rest of the complex. you have a little bit of risk premium in there. report of an arrest of a terror cell in the united arab emirates. take a look. it's this hope of things resuming here. also for stimulus in china. that translates to the industrial metals in particular. they are strong today in terms of copper. gold doesn't do so well these days, carl, when you get any sense of progress with the possibility of resolving the fiscal cliff. back to you. >> yes. speaking of which, bertha, john harwood is tweeting there doesn't appear to be any, as he puts it, christmas spirit progress. white house officials telling him no. we'll take that
Search Results 0 to 30 of about 31 (some duplicates have been removed)